Topic: [ANN] [COV] Coven [33k Coins/3%POS] - page 7. (Read 32563 times)

Supporting the network,

No worries. I have send you e-mail.

Hey man, good chatting with you...sorry I'm mobile and got disconnected!

[ANN][COV][33k supply/3% PoS | Undertaker needed]



Now seriously... anyone had any luck with developer? 

The current title of the thread is

 [ANN] [COV] Coven [3% PoS/33k Supply][Indistinguishability Obfuscator/Anno Feat]

Please make suggestions for an (intermediate!) thread subject, to get more attention to our search, and regrouping.

did we find a great dev?

i have preppared coins for donate - escrow

i bought all at 0.001 price

i would like to continue the development and progress 

Escrow with a roadmap looks like the best option..it gives peace of mind and protection for the community! I will give 500 cov coin with a email commitment from the dev and the 1300-1400 community cov coin should be held in escrow and released as a future roadmap is fulfilled! trusted community members should review the progress and release the community bounty upon approval of the trusted members...I recommend Drakoin and Spartak take the lead on the escrow! Again this is very risky and just my thoughts...please don't invest what you can't afford to lose!!!

I said that I will hold the coin despite the outcome, can help with donation and will do the escrow (if people in here are agree with that). Those a the only better words which I can say for the moment.

Block time of COV is decreasing & becoming more regular!

I have downloaded all of the blocks, and done some measurements.

Why? I was interested to see if the highly irregular, and very slow block time (at the end of April)

... has now been improving since we put so much effort into this, by running 24/7 staking nodes, etc.



Here is some statistics:

I have made moving averages over 10 or 20 blocks; calculated the mean
= how long do I have to wait for the next block, on average.

And standard deviation (square root of variance)
= how much are the block times differing from that average value?
(if standard deviation were 0, then all blocks came out after the exactly same number of seconds).



This post here explains more why (and how) I cared about this, some lines cited:




Summary:

The average10 and average20 have gone down, from over 2000 seconds (~30 minutes) to less than 1000 seconds ... that is great. COV is still slower than bitcoin, but not much.
The stdev10 and stdev20 have gone down, that is also good, because the unpredictability of the moment of arrival of the next block is reduced.

Thanks to everyone who is helping by staking!


Still, it would be nice to somehow make the coin rhythm cleaner - one of the first tasks for our new dev.

Or is it only a question of more of us staking our coins?

I had another look. Thanks for reminding me, spartak_t.
That you could name one coin out of hundreds of highly celebrated "this is not a shitcoin" attempts ... is not a proof, but I have to admit: Even after this long time, DNotes hasn't crashed yet. And that is something!
Now going through my backups, I have found an old wallet.dat. Yiehah. Syncing as we speak. I actually mined DNotes, and put them aside, never looked at them again. Really cool, thanks for the reminder that DNotes still exists. The wallet.dat of my other >50 coins from that era ... are probably worthless. But DNotes actually made it this far - cool. Not rich, really not, but a few unexpected dollars. Nice. Now of course the questions is: How far is Dnotes in its P&D cycle? Each coins has its own time scale. Sell now, or continue keeping them? Anyways, that is off-topic here. Just wanted to share my happiness :-)



Yes, why not. Me I have no objections. Other opinions?  


I have only a wish: Then start speaking better words about our coin please :-)  



Congrats! And thx for helping the network.

My 24/7 node is staking, too - just checked it, all fine. My last block was 52 blocks ago.


Cool, now that is what I call a good incentive!

Perhaps it is even better if all the magic givers choose their own way?



Yes.

I only suggested the stepwise payment, because of the expressed doubts that a new dev could just dump whatever he receives, and run away never to be seen again.

-->

There are many ways to organize this. Make suggestions, please.



I am also asking around if I can find an interested dev.

Mined a block 

I will send my 500 cov when the dev commits because I have total respect for him! I'm sure we can work out a payment arrangement based on production for the community...we will see as things unfold in the coming weeks! Again don't get your hopes up on this!!! Can't express that enough...I'm not sure if this will even work out!

DNotes growth was natural imho (look at the volume through the months), it was never been hyped, team behind it is active and it is here for 1+ years. What more you can want from any given cryptocurrency?

EDIT: I can do the escrow. Will not risk my reputation for pennies and if my intentions was to dump it I had a lot of chances to do so.

Agreed.

The escrow could protect ... the CoinDev from not getting paid.

But the investors need to be protected too. Namely from a CoinDev who does not deliver in the end, or bails prematurely.


Let us work out a scheme, in which the dev funds will be released step by step.

What makes you think DNotes is not a P&D ... is simply that DNotes is still in its P-phase:
https://poloniex.com/exchange#btc_note
http://coinmarketcap.com/currencies/dnotes/

Once this (admittedly impressive) price rise will turn around and collapse into the D-phase
... DNotes will also leave a lot of people bagholding.

Why should it be different from all the other cryptocoins?

DNotes though you can't guarantee anything for 10 years ahead... even Bitcoin.

i think your 1860 coins must be sent to an escrow
only deliver to dev if real work on the coin

Show me a coin which can be proven not to be a P&D scheme? For which current cryptocurrency can you guarantee that it will be worth more than 0 USD in 10 years?

Well, COV is just another shitcoin to me and despite that invested some BTC in it I'd rather lose them all insted participating in something, which could be another P&D scheme. I can agree that some developer can make good profit on it, but only if he works, deliver and hold. Nowdays this is nearly impossible and that is why I think that Coven is dead.

EDIT: The "dev" made the stupid mistake to say that he will no longer support COV. This action caused COV to be dumped. I highly doubt that the price will be that low if he didn't said that. In business (if we accept it as business) there are certain things you just can't say to people.

On the other hand, no one forces that same developer to sell all his coins at one of the mentioned prices.
I have given them only, because those prices shall provide the explanation that 5.5% of the supply can become an awful lot of money. That is why I also wrote:


If an interested dev comes around, and continues to develop this coin over a long period of time, he knows that he can help to extend the price rise into a looooong upwards phase.
Slowly selling these 5.5% will give him much more. MUCH more. e.g. 1860 COV * 0.004 BTC/COV = 7.44 BTC

But I understand your doubts. Perhaps the payout structure should reflect that? Stepwise, whenever a roadmap step is implemented, he gets another batch? There are many ways to organize this.